Valuation Thales London S.E.

Stocks

Real-time Estimate Tradegate Other stock markets 14:27:54 03/07/2026 +03			5-day change	1st Jan Change
240.90 ^EUR	-0.02%		+12.26%	+4.40%

01:24pm	Thales unveils a new onboard lighting system for helicopters
12:03pm	Defense: upheaval in the naval sector reshuffles valuation benchmarks

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	15,929	25,259	27,925	28,476	47,195	49,397	-	-
Change	-	58.57%	10.55%	1.97%	65.74%	4.67%	-	-
Enterprise Value (EV) ¹	16,724	25,295	31,925	31,520	48,813	49,814	48,325	46,674
Change	-	51.25%	26.21%	-1.27%	54.86%	2.05%	-2.99%	-3.42%
P/E	14.6x	22.6x	27.3x	20.1x	28.2x	26x	21.6x	19x
PBR	2.46x	3.49x	4.05x	3.79x	5.93x	5.56x	4.87x	4.26x
PEG	-	6.81x	-3.8x	0.5x	1.5x	1.9x	1.1x	1.4x
Capitalization / Revenue	0.98x	1.44x	1.52x	1.38x	2.13x	2.08x	1.92x	1.77x
EV / Revenue	1.03x	1.44x	1.73x	1.53x	2.21x	2.1x	1.88x	1.67x
EV / EBITDA	7.12x	10.5x	12.4x	10.9x	12.8x	13.1x	11.5x	9.98x
EV / EBIT	10.1x	13.1x	15x	13x	17.8x	16.6x	14.4x	12.5x
EV / FCF	7.41x	10.2x	15.8x	15.6x	18.9x	21.8x	19.1x	16.5x
FCF Yield	13.5%	9.85%	6.35%	6.43%	5.28%	4.58%	5.23%	6.05%
Dividend per Share ²	2.56	2.94	3.4	3.7	3.9	4.272	4.898	5.499
Rate of return	3.42%	2.46%	2.54%	2.67%	1.7%	1.78%	2.04%	2.29%
EPS ²	5.12	5.29	4.91	6.89	8.15	9.251	11.11	12.66
Distribution rate	50%	55.6%	69.2%	53.7%	47.9%	46.2%	44.1%	43.4%
Net sales ¹	16,192	17,569	18,428	20,577	22,136	23,719	25,674	27,887
EBITDA ¹	2,348	2,405	2,582	2,898	3,827	3,808	4,206	4,678
EBIT ¹	1,649	1,935	2,132	2,419	2,740	2,998	3,347	3,724
Net income ¹	1,089	1,121	1,023	1,420	1,675	1,863	2,224	2,536
Net Debt ¹	795	35.2	4,000	3,044	1,618	417.1	-1,072	-2,722
Reference price ²	74.80	119.30	133.95	138.65	229.80	240.40	240.40	240.40
Nbr of stocks (in thousands)	212,957	211,730	208,476	205,380	205,373	205,477	-	-
Announcement Date	3/3/22 A	3/8/23 A	3/5/24 A	3/4/25 A	3/3/26 A	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CHINA SPACESAT CO.,LTD.	1567.31x	13.42x	218.42x	-	14.19B
PLANET LABS PBC	-59.21x	24.75x	1113.93x	-.--%	11.18B
HENSOLDT AG	52.7x	3.46x	18.61x	0.9%	10.17B
OHB SE	85.16x	3.39x	29.97x	0.26%	5.97B
SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	27.82x	4.58x	21.21x	1.76%	3.22B
SYNSPECTIVE INC.	48.2x	23.7x	-175.06x	-.--%	981M
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	42.56x	-	-	-	664M
SATREC INITIATIVE CO., LTD.	70.19x	3.57x	28.9x	0.18%	591M
Average	229.34x	10.98x	179.43x	0.52%	5.87B
Weighted average by Cap.	485.91x	12.15x	342.01x	0.51%